Why Aphria, Curaleaf, and Several Other Cannabis Stocks Are Flying Higher Today

Several cannabis stocks were flying higher on Thursday. Aphria (NASDAQ: APHA) had the biggest gains, with its shares up 8.8% as of 11:41 a.m. EDT. OrganiGram's (NASDAQ: OGI) shares jumped 7.1%.

It wasn't just Canadian cannabis stocks that enjoyed solid gains, though. Shares of U.S.-based Curaleaf Holdings (OTC: CURLF) were also up 8.8%. Green Thumb Industries (OTC: GTBIF) and Charlotte's Web Holdings (OTC: CWBHF) weren't too far behind, with gains of 7.9% and 6.6%, respectively.

There are two likely reasons for these moves today. In the vice-presidential debate Wednesday night, Democratic vice presidential candidate Sen. Kamala Harris promised that a potential Biden administration would decriminalize marijuana. Also, Vermont became the 11th state to legalize recreational marijuana on Wednesday.

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Source Fool.com